Big Sofa Technologies Group PLC Agreement with Consumer Research Solutions Company

TIDMBST

Big Sofa Technologies Group PLC

10 April 2017

Embargoed: 0700hrs 10 April 2017

Big Sofa Technologies Group plc

("Big Sofa" or the "Company")

Global Agreement with Leading Consumer Research Solutions Provider

Big Sofa (AIM: BST), a fast-growing provider of video analytics technology and services to brands and consumer insight agencies, is pleased to announce that it has signed a Supplier Service Agreement with Survey Sampling International ("SSI") (the "Agreement"), a leading global provider of data solutions and technology for consumer and business-to-business survey research. Under the Agreement, Big Sofa will supply SSI with sophisticated video capture and analytics technology and services for their digital surveys.

SSI serves more than 3,500 brand and market research agency clients and specialises in identifying market research participants in over 90 countries via internet, telephone, mobile/wireless and mixed-access offerings in support of over 40 million survey completes a year. Big Sofa will support SSI's strategy to incorporate open-ended video questions into surveys, allowing it embed video capture technology into online and smartphone surveys as well as analyse and manage the large volumes of content acquired and thus add further value to clients through the application of its powerful technology and deep consumer insight know how.

Simon Lidington, Chief Executive of Big Sofa, commented: "SSI - like Big Sofa - recognises that video is the medium of the future for capturing consumer data, whether through behaviours, experiences or feelings. I believe we are ideally suited to support their forward-thinking strategy with our capability to offer both video capture technology and sophisticated analysis and reporting. We are delighted to have a formal agreement with SSI and are looking forward to working more closely with them."

Chris Fanning, President and Chief Executive Officer of SSI, added: "We are pleased to be working with Big Sofa - a market leader for enhanced data collection methods in video - as we strive to provide customers with the best technology and services."

Enquiries

 
 Big Sofa Technologies Group        via Vigo Communications 
  plc 
 Simon Lidington, CEO 
 Matt Lynch, CSO 
 Joe MacCarthy, CFO                  via Vigo Communications 
  Big Sofa Technologies LLC 
  Steve Aukers, President & CEO 
  Kevin Dermody, COO 
  Sheri Lambert, CGO 
 
                                    [phone] 
 SPARK Advisory Partners (Nomad)     3554 
 Neil Baldwin / Mark Brady 
 
                                    [phone] 
 Hobart Capital Markets (Broker)     5656 
 Lee Richardson / Raju Haldankar 
 
 Vigo Communications (Financial     [phone] 
  Public Relations)                  9700 
 Jeremy Garcia / Ben Simons 
  / Antonia Pollock 
 

About Big Sofa Technologies Group plc

Big Sofa is a B2B technology business servicing the marketing and consumer insight industries with video analytics.

Our software platform collates, analyses and organises large volumes of raw/unstructured video content enabling companies to perform detailed and sophisticated consumer insight analysis; and make genuine use of their video content.

Until recently, video has been difficult and expensive to capture, upload, store, manage and analyse as a consumer insight tool. However, proliferation of smart phones has empowered consumers to speak directly to brands resulting in an evolution of consumer insight and data analytics techniques, with video emerging as a key platform in a massive $33 billion consumer research market.

Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.

To find out more, visit www.bigsofa.co.uk.

Follow us on twitter at @bigsofatech

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April 10, 2017 02:00 ET (06:00 GMT)